Manam Chocolate Snags $9M to Spread Sweet Success

Premium craft chocolate brand Manam Chocolate has raised $9 million in a Series A funding round led by Omnivore, with participation from the Turner Morrison consortium. The funding is aimed at accelerating the company’s retail expansion and strengthening its position in India’s premium confectionery market.

The Hyderabad-based brand plans to use the fresh capital to expand its footprint by launching new retail outlets across the Delhi NCR region over the next 12 months. This expansion is intended to enhance accessibility and cater to rising demand for artisanal and high-quality chocolate products in urban markets.

Founded in 2021 by entrepreneur Chaitanya Muppala, Manam Chocolate has quickly established itself in India’s craft chocolate segment. The brand continues to focus on premium product innovation and consumer experience as it scales its operations across the country.

News by Rahul Yelligetti.